Which of the following items are labor costs related to a sign business?
a. salaries and benefits paid to employees
b. materials on which the signs are printed
c. equipment used to print and cut the signs
d. design software used to layout the signs
a. salaries and benefits paid to employees
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The effect of budget deficits on interest rates
a. increases private investment, so eventually the capital stock rises. b. increases private investment, so eventually the capital stock falls. c. decreases private investment, so eventually the capital stock rises. d. decreases private investment, so eventually the capital stock falls.
An estimation technique that begins with an initial approximation, which is then modified in accordance with additional information, is known as:
A. the representative heuristic. B. status quo bias. C. regression to the mean. D. anchoring and adjustment.
The richest 20 percent of the families in the United States receive approximately ________ percent of total income.
A. 90 B. 50 C. 20 D. 10
Summarize how the law of demand explains the effects of price on the quantity demanded
What will be an ideal response?